The Investment Thread

Saintaholic said

I am thinking it was just a shakeout. The entire market didn't decide to take profits all at the exact same time.

I just no longer see anything involving the stock market as organic buying and selling, on the retail level.

It's all just one pre-ordained algorithmic cycle at the Market Maker level, with occasional news "catalysts" intentionally-timed to justify the run-ups or dumps.

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I sold out just about everything this morning. Holding some AMC, TSLA puts. Still have some AAL and ERJ calls but either dumped long positions or trimmed them mid morning. Strong pivot indicators on SP started flashing yesterday. Even if it punches through was going to be hard to avoid either head and shoulder or double top pattern. So upside reward was less than downside risk and I stepped out.